IT majors may stick with buybacks despite tax changes, says Sushovan Nayak

Indian IT firms are likely to favor share buybacks over dividends following recent tax reforms. Market expert Sushovan Nayak believes the new rules make buybacks more tax-efficient for both companies and many shareholders. This shift is expected to encourage cash-rich IT giants like Wipro, LTIM, and TCS to continue returning capital to investors through buybacks in the coming period.